Below are the list of 7 companies founded in the 1900s:
Punjab National Bank
Founded on 19th May 1894, Punjab National bank is headquartered in Delhi, with S. Mallikarjuna Rao holding the working Chief Executive Officer position. He chose the founding board of Punjab National Bank from different parts of India and people of varied ethnicities professing other faiths and various backgrounds. However, the common objective of providing British India with a genuinely national bank would further the country’s economic interest.
The 4000 Cr Carlyle deal is a downside for PNB Housing Finance. On a recent basis, the collapse of the Rs. Their share prices plummeted after the occurrence of the PNB Scam, also involving Nirav Modi.
State Bank of India
The age-old company, State Bank of India, was founded on 1st July 1955. Bank of Calcutta in Calcutta founded on 2nd June 1806 marked the start of the State Bank of India in the first decade of the nineteenth century. On 2nd January 1809, three years later, the bank received its charter and was re-designed as the Bank of Bengal. The Government of Bengal had sponsored the very first joint-stock bank of British India.
The inauguration of the Bank of Bengal was followed by the Bank of Bombay, which was founded on 15th April 1840, and the Bank of Madras, which started on 1st July 1843. These posed as the pillars of modern banking, which merged as the Imperial Bank of India on 27th January 1921. Dinesh Kumar Khara is currently heading SBI as the chairman.
Recently, the Reserve Bank of India imposed a penalty of Rs. 1 Crore to SBI over non-compliances issues. Post this, the share prices of SBI plummeted by 3.179 percent over one day on 20th October 2021 from opening at Rs. 503.30 on 19th October 2021 to the opening at Rs. 487.30 the next day.
United Breweries Ltd.
The foundation of Good Times was laid in 1915, brought about by the amalgamation of 5 breweries spread across South India. The oldest of the breweries was Castle Breweries which had been operating since 1857. The head of the Mallya family then, the late Mr. Vittal Mallya, took over the company in 1947, which revolutionized it and bought it up to its standing today. Today, each of the 89,763 outlets selling beer in India sells at least one brand from United Breweries, out of which the signature brand of Kingfisher is the most widespread and has the highest market share.
About three weeks ago, the Competition Commission of India fined United Breweries Ltd. and other beer manufacturers for “Beer Catrelization.” UBL was fined a sum of Rs. Seven hundred fifty crores as the penalty for the beer price-fixing case.
Founded on 1st October 1847, Siemens AG came into existence. In India, Siemens’ entrance began in 1867, on setting up the first telegraph line between London and Calcutta by Werner von Siemens, who was the one who personally supervised the project.
Today, Siemens has grown and expanded to have under possession 22 factories located across the country, 8 Centres of Competence, along with 11 R&D centers and a nationwide sales and service network.
Kirloskar Group, an Indian conglomerate founded in 1888 by Laxmanrao Kirloskar, is headquartered in Pune, Maharashtra. The flagship and holding company Kirloskar is now India’s largest maker of pumps and valves. The company exports to over 70 countries worldwide to most of Africa, Southeast Asia, and Europe with a widespread expansion. One of the Kirloskar companies is one of the major component suppliers for the indigenous Arihant Nuclear Submarine program.
For over 130 years, the Kirloskar Group has focused on economic self-sufficiency and industrial growth in India. One of their first products, the iron plow, and chaff cutters, were introduced in the early 1900s to encourage modernization in the agricultural and farming sector. This iron plow proved to be the first among many engineering innovations that the Group would pioneer in the future, which developed at a small-scale machine tool workshop behind a bicycle shop.
A well-diversified engineering company and a leading manufacturer in the industry, Greaves Cotton Limited has a variety of products in its portfolio comprising of Generator sets, Cleantech Powertrain Solutions(CNG, Petrol, and Diesel Engines), Farm Equipment, Aftermarket spares and services, E-Mobility. Greaves Cotton has been operating for over 162 years and is a multi-product and multi-location company with a rich legacy and brand trust and has established itself as a critical player in the industry.
The company today manufactures world-class products and provides solutions under various business units. It is also backed by comprehensive support from 500+ Greaves Retail Centers and over 6300 smaller spare parts retail outlets. Greaves Cotton annually manufactures more than 4 lakh engines in the mobility segment, nearly one engine per minute. The company provides low TCO mobility solutions to the majority of the population in India, moving more than one crore passengers and 5 lakh tonnes of cargo every day. Greaves Cotton augmented its clean technology portfolio in the last mile affordable 2W personal Mobility segment with Ampere Vehicles in 2018.
Greaves Cotton has been growing lately and has been venturing to set up multi-brand EV Chains.
Mahanagar Telephone Nigam Limited
Founded on 1st April 1986, Mahanagar Telephone Nigam Ltd was established by the Government of India to qualitatively upgrade the telecom services, expansion of the telecom network, introduction of new services, and lastly, to raise revenue for the development of telecommunication needs of India’s primary metro cities of Delhi & Mumbai.
The telecommunications industry, Mahanagar Telephone Nigam Ltd., has a market capitalization amounting to Rs 1,178.10 crore. This stock has yielded a return of 17.72 percent in three years. This stock has underperformed as compared to a 46.34 percent return by the S&P BSE Telecom index. It has also underperformed in the Nifty Smallcap 100 index, which yielded a return of 45.43 percent.
Article Proofread and Edited by Shreedatri Banerjee